His insane deficit spending is driving down the value of the dollar – raising the price of oil…. all the while his moratoria pinch the supply….. AND, he refuses to get tough on Iran, making war more likely.

I’m not sure it’s clear to the majority of Americans that 0bama is taking those three SEPARATE but CUMULATIVE actions simultaneously… thus ensuring an artificially induced rise in prices.

You’d think that the guy doesn’t want to get re-elected. Either he’s really dumb, or he’s setting up an oil crisis for his own purposes…. such as putting pressre on Israel not to do anything during a time of high prices to make things worse… long enough for Iran to develop a deliverable bomb.

See how this works?

cane_loader on February 24, 2012 at 5:03 PM

In the late 90’s the Communist Party USA set up a web site. Most web sites in those days were still sorting out how and what to put on the page and CPUSA was no exception. Google was still just an idea and URL’s addresses were found in listing books or publicans, such as those I received as a Social Studies teacher.

At the time I was teaching one of my Government Classes. The CPUSA apparently saw nothing wrong with posting their unedited political platform, AKA agenda, on the web site. It was very clear on how they intended to use the new environmental laws to destroy the large corporations of our country; first by forcing them to install expensive anti-pollution devices then bankrupt them with cleaning up any environmental pollution that might have occurred in the past. The next part is the killer. Once the large corporations and their factories were shut down, they proposed that small local factories would them. I remember telling my students that they were nuts to think they could do that to America’s industries.

You can find their same platform today at the CPUSA page, but it is worded much more carefully and less is given away of the intent of its goals. “Anti-pollution laws” references have now replaced with the broader term of “Green Laws”.If you compare Obama’s 2008 political platform, it is almost identical to the CPUSA’s

What Obama or more accurately, his handlers, are doing now is in line with the communists/socialist goals of creating a Socialist America. Those goals collectively are to destroy our nations ability to be a world power, both economically and militarily, while at the same time bringing the Republic into the fold of a socialist centralized government democracy structured after the European socialist system. To do that requires the Constitution as a document of law, be made irrelevant and dysfunctional in our modern times. Obama’s actions and comments have made it very clear that he finds the Constitutional constraints on his power to be too limiting. He has tested the reaction for ignoring the laws governing his power of office and abused those granted him beyond the intended limits. So far he has gotten away with everything he has done, limited only by the fact that he is not so assured of re-election as they planned. After the election, he will be free to take his powers further, make congress either irrelevant as the voice of the people, and the Constitution meaningless.

Obama is clearly a socialist, and he really could not be anything else having been raised by a communist grandfather, mentored by Frank Davis of the CPUSA, associated with the most radical socialist, communist, and terrorist, employed by communist and socialist organizations and unions, supported by the Socialist party New Party when he entered politics, and the list goes on. His goal is to make Michelle proud, his grandfather proud, his mentor proud and all those who have supported him, proud that he full filled their HOPE and CHANGED America into a Socialist state.
What does the CPUSA get out of this? As Karl Marx said; Socialism is necessary as the middle transition from Capitalism to Communism. It succeeds by failing as an economic policy that can only be contained and managed by direct control of the government over all means of production and needs of the people. That is the role of a communist government where power is retained and passed on by a few elite members of the party.

Strategic reserve capacity is presently a little over 700 million barrels. Present daily US consumption is about 19 million barrels. If my math is right the reserve is equal to a little over 30 days normal consumption. Don’t know if the reserve is at full capacity or not.

]]>By: AH_Chttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5524444
Sat, 25 Feb 2012 00:53:53 +0000http://hotair.com/?p=181688#comment-5524444Since taxpayers paid for all the oil in the system, why on earth would we want to sell low just to turn around and buy high again? For all the good it does just take off 10 or 15 cents from the fed tax per gallon.
]]>By: profitsbeardhttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5524340
Sat, 25 Feb 2012 00:38:03 +0000http://hotair.com/?p=181688#comment-5524340What a shame that a more conservative country to our north doesn’t have oil that it wanted to ship to America via a new pipeline.
]]>By: profitsbeardhttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5524335
Sat, 25 Feb 2012 00:36:28 +0000http://hotair.com/?p=181688#comment-5524335As Obama hectored just the other day; “THE AMERICAN PEOPLE AREN’T STUPID!”

(Of course his own presidency is a 52% refutation on that claim.)

]]>By: landlineshttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5524099
Fri, 24 Feb 2012 23:50:39 +0000http://hotair.com/?p=181688#comment-5524099Geithner should explain why tapping the Strategic Reserve would be a better solution to the problem than Impeachment of Geithner and Obama.
]]>By: Depends on what you mean by “strategic petroleum reserve.” « The TrogloPundithttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5524056
Fri, 24 Feb 2012 23:42:30 +0000http://hotair.com/?p=181688#comment-5524056[…] Via Ed Morrissey: the Obama administration is trying to do something…anything… The Obama administration is weighing the circumstances that could warrant tapping the nation’s strategic oil reserve, Treasury Secretary Timothy Geithner said on Friday as he defended sanctions on Iran. […]
]]>By: onlineanalysthttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5524049
Fri, 24 Feb 2012 23:40:52 +0000http://hotair.com/?p=181688#comment-5524049Besides the idiocy of Geithner’s saying that the rich should pay more taxes for the privilege of being American, his buddy Bernanke thinks that inflation means growth.http://www.marketoracle.co.uk/Article33305.html

BTW Did Geithner ever pay his overdue taxes for his “privileges” How about Howard Buffett?

]]>By: hachibanhttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5523557
Fri, 24 Feb 2012 22:11:29 +0000http://hotair.com/?p=181688#comment-5523557The hike in gas prices isn’t all due to the supply problems. Part of it is due to the fact that the Obama administration is quietly creating money out of thin air again — in other words, devaluing your dollars. The dollar is worth less, so the same amount of gas costs more.
]]>By: PalinLoverhttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5523551
Fri, 24 Feb 2012 22:11:01 +0000http://hotair.com/?p=181688#comment-5523551How about tapping the freaking ground, you jackass?
]]>By: elfmanhttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5523549
Fri, 24 Feb 2012 22:10:34 +0000http://hotair.com/?p=181688#comment-5523549Excellent Idea! Iran’s close to coming under attack and is practicing sinking ships in the strait, and doofus wants to lower our strategic petroleum reserves. Brilliant!
]]>By: cane_loaderhttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5523511
Fri, 24 Feb 2012 22:03:54 +0000http://hotair.com/?p=181688#comment-5523511

While tensions and drilling moratoriums are a factor the price of oil, the most important day-to-day factor in the oil price -absent a major disruptive event – is the value of the dollar.

cane_loader on February 24, 2012 at 4:40 PM

And so…. The Won is screwing us from both ends.

His insane deficit spending is driving down the value of the dollar – raising the price of oil…. all the while his moratoria pinch the supply….. AND, he refuses to get tough on Iran, making war more likely.

I’m not sure it’s clear to the majority of Americans that 0bama is taking those three SEPARATE but CUMULATIVE actions simultaneously… thus ensuring an artificially induced rise in prices.

You’d think that the guy doesn’t want to get re-elected. Either he’s really dumb, or he’s setting up an oil crisis for his own purposes…. such as putting pressre on Israel not to do anything during a time of high prices to make things worse… long enough for Iran to develop a deliverable bomb.

It’s not the supply of Oil. The value of oil hasn’t increased. What’s happened is the VALUE of the dollar has decreased – thus it buys less oil which means you pay more for it.

Wake up

MoreLiberty on February 24, 2012 at 1:23 PM

Try as I might…I could not find any indication of sarc here…

This has to be the….Christ..I can’t even come up with a good adjective to describe it…most ignorant thing I’ve ever read..Liberal4life posts not withstanding…

]]>By: Kissmygritshttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5523093
Fri, 24 Feb 2012 20:54:21 +0000http://hotair.com/?p=181688#comment-5523093That should be good for about 5 minutes worth of daily driving. Then when the price goes down, Timmy can replace the SPR they used to buy a few votes. Is this even his job? Where’s the Sec of Energy, on vacation?
]]>By: astoneriihttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5523042
Fri, 24 Feb 2012 20:44:09 +0000http://hotair.com/?p=181688#comment-5523042It is not the supply of oil that drives the prices up in the summer. It is the special addatives to fuel, the lack of refining capacity to meet summer driving demands and so forth.
]]>By: stukinIL4nowhttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5523024
Fri, 24 Feb 2012 20:40:35 +0000http://hotair.com/?p=181688#comment-5523024Hey who’s up for paying their taxes? I can’t help but wonder that if all the tax evaders like Geithner (and a few in Congress) actually paid theirs it would far surpass what Ogreedy wants to collect from his so-called rich. And Geithner could not only get the price of gas reduced but could also get wads more cash in his treasury if he’d convince Obutthead to issue drilling permits, allow oil exploration and fracking, and approve the Keystone Pipeline.
]]>By: askwhatifhttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5522973
Fri, 24 Feb 2012 20:27:30 +0000http://hotair.com/?p=181688#comment-5522973Ok, help me out here: Why is Geithner having any say in this?
Are we printing oil on our money now? Is that how we’ll bring back the value of the american dollar? Soak it in strategic oil?
]]>By: Mr Galthttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-2/#comment-5522918
Fri, 24 Feb 2012 20:15:53 +0000http://hotair.com/?p=181688#comment-5522918Awesome idea! Then we won’t have the petroleum we need when the SHTF in Iran – which is what it was designed for (i.e., emergencies).

Another expedient douche-tastic idea to buy some more time on the inevitable. Who’d a thunk it?

]]>By: blindsidehttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-1/#comment-5522907
Fri, 24 Feb 2012 20:14:41 +0000http://hotair.com/?p=181688#comment-5522907I cannot WAIT for a Republican President to do the same thing and watch the howls of indignation from the left/media about how he is doing this for ‘political gain.’
]]>By: The New Hope & Change: Cynical Politics Over Policy | Race 4 2012http://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-1/#comment-5522895
Fri, 24 Feb 2012 20:12:40 +0000http://hotair.com/?p=181688#comment-5522895[…] same time, this President won’t let a little thing like Congress hold him up- Ed Morrissey reported noted earlier today that Treasury Secretary Geithner is talking about releasing oil from the […]
]]>By: GarandFanhttp://hotair.com/archives/2012/02/24/geithner-hey-whos-up-for-tapping-the-strategic-petroleum-reserve/comment-page-1/#comment-5522861
Fri, 24 Feb 2012 20:08:02 +0000http://hotair.com/?p=181688#comment-5522861

It is essentially a national-security program

Evidently THE CHOSEN ONE believes that keeping his ass in office is part of “national security”.

Obama’s Anti-American Energy Policies Invite the Next Crisis
President Obama doesn’t have an energy plan. He has an energy speech that he continues to give regardless of the facts or his obvious failures. He likes to take credit for actions initiated by the last administration (without telling you that he’s reversed or stymied many of those successes).

We should not be surprised by his detached attitude about America’s pain at the pump. He’s not interested in lowering the price of gas because exorbitantly high gas prices are one of his campaign promises. In September 2008, candidate Obama’s Energy Secretary in-waiting said: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” That’s one campaign promise they’re working hard to fulfill!

President Obama notes that instability in the Middle East causes short-term spikes in the price of oil. But that is precisely why we should take every opportunity to drill here and drill now to lessen our dependence on these dangerous foreign regimes. President Obama’s lack of action simply invites the next oil crisis. It’s as if the White House is purposefully making us more dependent on foreign countries – from running up an unsustainable debt that must be financed by foreign debtors, to constantly apologizing and walking on eggshells around dictators who control oil supplies.

When it comes to our energy security, the only thing holding us back is the lack of political will. We have the resources, the ingenuity, and the manpower. And we need the jobs! Any economic recovery will be hampered by these rising gas prices. And I guarantee the rising prices will only get worse and will halt job growth further.

We must never forget that energy development, job creation, and national security are inextricably linked. Access to affordable and secure energy is the key to economic growth, which is the key to job growth. Securing a stable domestic supply of energy will lead to a more peaceful and prosperous America – an America that’s not subject to the whims of dictators who can cut off energy supplies or shut down the Strait of Hormuz to exports passing through.

President Obama repeatedly claims that there is no “silver bullet” to lower gas prices. But, in fact, we do have proof that the promise of future drilling does lead to immediate price relief as oil producers plan to expand their production.

So what are Obama’s solutions? As luck would have it, they coincide with subsidizing his friends and campaign donors. What a fortuitous coincidence in an election year! While you’re paying $5-a-gallon for gas, President Obama has been picking “winners” and “losers” in the free market. He’s decided that conventional resource development that produces the fuel we use to drive our cars and power our economy are “losers.” His “winners” are the bankrupt green energy companies that his campaign donors invest in. Unfortunately his real “losers” are the American public who are once again hit with massive gas prices (at least those who can’t afford luxury electric cars like the Obama-subsidized Volt that gets 40 miles per battery charge, or like the Obama-subsidized Tesla that turns into a “brick” when the battery completely discharges and then costs $40,000 to repair.)

What are the real solutions? Well, whether you support Newt in 2012 or not, he makes a lot of sense in this video, which is why President Obama targeted it for mockery yesterday. Newt is right that we need to “stop bowing and start drilling.” And not only can’t a gun rack fit in a Volt, but the government will take away our pick-up trucks when they pry the steering wheel “from our cold, dead hands.” Newt explains in this video some commonsense, pro-American solutions to the problems President Obama causes with his terrifyingly naïve assault on U.S. energy production.

With just the stroke of a pen, President Obama could lead us in the direction of real energy security and reduce our oil imports threatened by Iran’s threats to shut down the Strait of Hormuz. Here are just a few commonsense measures we can do right now, and most of them don’t require any new legislation or regulations:

Open Alaska to drilling. Billions and billions of barrels of U.S. crude (and hundreds of trillions of cubic feet of clean natural gas) sit untapped up here in the far north, my friends. We have the TAPS pipeline and infrastructure; we invite the development! Open ANWR. Think of how much safer and secure we would be if we had done this decades ago.

Build the Keystone Pipeline. President Obama doesn’t understand we live in a land woven with untold miles of pipe to carry safe energy supplies to protect and prosper America. Common sense dictates we need another one now to secure our energy future. It is key. It is the Keystone. If we’re worried about instability in the Middle East, it makes no sense to shun safe and reliable oil from Canada. Obviously, China understands this, and we should too.

Drill for natural gas. Natural gas is the future. It’s clean, it’s green, and we’ve got lots of it. Whether we use it to power natural-gas cars or to run natural-gas power plants that charge electric cars – or ideally for both – natural gas can act as a clean “bridge fuel” to a future when more renewable sources are available.

There are many more steps we need in order to establish a true energy plan to secure our future. But these three steps, plus increased resource development in the Lower 48 and reversing President Obama’s nonsensical, knee-jerk, anti-American energy shut down of off-shore developments would create hundreds of thousands of jobs as millions of barrels of oil every single day would flow under American control, and lessen our dependence on the Persian Gulf.

It’s time our country had a real energy plan that includes a genuine all-of-the-above approach that doesn’t ignore conventional resource development. We need the jobs, we need the energy, and we need the security.